Effort to Reform Social Security Sputters

“The closely watched effort by a club of Senate moderates to craft a bipartisan Social Security reform plan may be stalling out for the foreseeable future,” Semafor reports.

“Semafor previously reported that the group, which is led by Sens. Angus King of Maine and Bill Cassidy of Louisiana, had eyed establishing a new investment fund to finance future benefits and gradually raising the retirement age to nearly 70, among other options. But King, an independent, is struggling to amass support from his Democratic colleagues, with whom he caucuses. That’s contributing to a holdup in releasing a bipartisan framework.”